A model to replicate
Solar in the Gulf region: The Dubai Electricity and Water Authority procured the worlds cheapest solar energy ever in a call for tenders last November. Moritz Borgmann, Partner at Apricum, a Berlin-based advisory firm specialized in renewable energy technologies, analyzes the results of the 100 MW solar PV tender and gives his view on the wider implications for the region.
On November 20, 2014, ten bids for the 100 MW PV IPP tender issued by Dubai’s state utility DEWA were opened. The results provoked awe throughout the Gulf region’s power community and will set the standards for future tenders. Saudi Arabia’s Acwa Power bid an unprecedented $0.0598/kWh, with a consortium of Spain’s Fotowatio Renewable Ventures …
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